Reconciliations
• Bank reconciliation
• Debtors reconciliation
• Age analysis
• Creditors reconciliation
Fixed assets
• Depreciation, asset acquisition and disposal at beginning, during and end of year
Inventory systems
• Concepts
• Periodic inventory system - Journals and Ledger
• Inventory valuation using FIFO method
• Inventory valuation using weighted average method
Companies
• Concepts and Ledger accounts, particularly those unique to Companies e.g. Income tax
• GAAP principles (historical cost, prudence, materiality, business entity rule)
• Accounting equation
• Adjustments
• Final accounts and financial statements with notes including Income Statement, Balance Sheet and Cash Flow Statement
• Analysis and interpretation of financial statements
• Analyse audit report
VAT
• Concepts and Calculations
• VAT input, VAT output and VAT control accounts